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Fallback Bonds: A Debt Ceiling Workaround that Actually Works
Desperate times demand desperate measures. Thus, with the U.S. rapidly approaching the arbitrary debt ceiling that House Republicans are threatening not to increase unless Senate Democrats and...
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Can Dark Brandon Scare Republicans into Increasing the Debt Ceiling?
House Republicans show no sign of releasing the hostages, continuing their threat to try to force the United States into defaulting on its obligations for the first time in history. We hope that...
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Justifying Republican Hostage-Taking as Merely Normal Negotiating is...
What happens when one side of a potentially life-altering political dispute brings nothing to the table, not merely lacking serious policy proposals but also not even bothering to try to make...
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The Debt Ceiling Crisis Provides No Cautious Way Out for Biden, Legally or...
As the country and the world await news of whether Republicans’ decision to use the debt ceiling as a political weapon will lead to utter catastrophe, pundits and reporters alike are asking whether...
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Musings on the Debt-Ceiling Controversy and the (Related) Limits of Arguments...
Like many other points of contention in modern America, the disagreement between the left and the right over raising the debt ceiling straddles constitutional law and politics. On the constitutional...
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Will the Democrats Unilaterally Disarm on the Debt Ceiling in the Name of...
If we reach the point where the debt ceiling becomes binding, possibly as soon as next week, President Joe Biden will have exactly two options: (1) Continue to pay the nation’s bills, or (2) Fail to...
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President Biden’s “Win” in the Debt Ceiling Battle Was a Better Result than...
In short order over the last two weeks, the latest debt ceiling crisis was defused, the date of the next crisis was all but set in stone, and the political class quickly moved on to “previously...
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Joe Versus the Volcano: How Biden’s Debt Ceiling Deal Could Engulf the World...
Remember the debt ceiling? Between record-breaking toxic air from Canadian wildfires choking half the country and the first-ever federal indictment of a former President, it’s easy to forget that just...
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Is Higher Education Spending Excessive? In Some Ways Maybe Yes, in Others...
Two months ago, I wrapped up an eight-year stint as the Dean of the University of Illinois College of Law at Urbana-Champaign and returned to “civilian” life as “just” a law professor. Prior to my...
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Originalist Reasons the Tax in Moore v. United States is Constitutional:...
On December 5, the Supreme Court will hear arguments in an important tax case, Moore v. United States. The petitioners in Moore, a husband and wife, are shareholders in a company located in India (in...
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